Metalloinvest signs biggest Russian PXF since crisis
BNP Paribas and Deutsche Bank closed a $3.1bn five and seven year loan for Russian miner Metalloinvest and its subsidiaries Lebedinskiy GOK, OEMK and JSC Holding Company. It is the largest pre-export financing deal from the country since the financial crisis.
The deal launched at $1.2bn and was increased after it was almost three times covered in syndication. The margin, linked to the companys leverage ratio, will be 225bp over Libor, based on its financial results for 2010.
"The deal is a true indication of the kind of support corporates
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